Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

v3.24.1.u1
Earnings per Share
3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Share

10. Earnings per Share

The following table sets forth the computation of basic and diluted net loss per share of common stock:

 

 

 

For the Three Months
Ended March 31,

 

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

Net loss available to common stockholders

 

$

(2,008

)

 

$

(3,998

)

Weighted average common shares outstanding — Basic and Diluted

 

 

117,275

 

 

 

120,253

 

Net loss per share available to common stockholders — Basic and Diluted

 

$

(0.02

)

 

$

(0.03

)

 

The following potential shares of common stock have been excluded from the computation of diluted net loss per share because their effect would have been antidilutive:

 

 

 

As of March 31,

 

 

 

2024

 

 

2023

 

 

 

(in thousands)

 

Stock options

 

 

1,306

 

 

 

1,306

 

Ares warrants

 

 

1,100

 

 

 

1,100

 

Public and Private warrants

 

 

17,333

 

 

 

17,333

 

Series A redeemable preferred stock

 

 

8,503

 

 

 

8,418

 

RSUs and PSUs

 

 

5,287

 

 

 

4,582

 

Ares Put Option

 

 

 

 

*

 

 

* See Note 10 to the annual financial statements.